Question

what are 5 demerits of sole proprietorship​

Answer 1

Disadvantages of Sole Proprietorship:

Limitation of Management Skills: ...

Limitation of Capital: ...

Unlimited Liability: ...

Lack of Continuity: ...

Weak Bargaining Position: ...

Limited Scope for Expansion: ...

Risk of Wrong Decisions: ...

No Large-Scale Economies:

Explanation:

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Answer 2

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